Venture capitalist David Sacks, who serves as President Donald Trump’s artificial intelligence and crypto czar, said there will be “no federal bailout for AI,” drawing a clear line on federal support for major artificial intelligence companies. Sacks’ remarks followed recent comments from OpenAI Chief Financial Officer Sarah Friar about how the company is looking to… Continue reading Trump AI Czar David Sacks Rejects Idea Of Federal Bailout For AI Companies
Author: Maria Valdez Haubrich
Mortgage Rates Edge Higher After Powell’s Comments Signal a Cautious Fed
According to Freddie Mac, the average rate on 30-year fixed home loans climbed to 6.22% for the week ending November 6, up from 6.17% the previous week.
Global InsurTech Report Q3 2025: AI Leads Commercial Insurance Innovation
The latest Global InsurTech Report for the third quarter of 2025 provides an overview of the ongoing role of Artificial Intelligence (AI) in shaping the insurance and reinsurance sectors, with a specific focus on commercial insurance. The report evaluates how InsurTech firms are leveraging AI to transform this major line of business — both through… Continue reading Global InsurTech Report Q3 2025: AI Leads Commercial Insurance Innovation
Jury Awards $10 Million to Virginia Teacher Shot by 6-Year-Old Student
Abby Zwerner, who taught at Richneck Elementary School in Newport News, sustained serious injuries after the bullet passed through her hand and into her chest, causing a collapsed lung.
Ashtabula School District Files Federal Lawsuit Over Lakeside High Roof Collapse
The case, filed in the United States District Court Northern District of Ohio Eastern Division, centers on the insurer’s alleged refusal to cover repair costs stemming from the 2024 incident.
New North Carolina Program Expands Health Insurance Options for Small Businesses
Starting this month, small businesses in North Carolina have access to a new way to offer health insurance to employees through the launch of Carolina HealthWorks. The program was made possible by a legislative change last year that updated the state’s insurance regulations.
Spektrum Launches Free Tool to Support NYDFS Cybersecurity Compliance
The limited-time offer provides a guided, step-by-step process to validate and prove compliance while strengthening cybersecurity posture and reducing regulatory exposure.
Insured Losses from Hurricane Melissa Estimated at Up to $4.2 Billion, Says Verisk
The hurricane caused widespread destruction, including extensive structural damage in Montego Bay, one of Jamaica’s main tourist destinations.
Insurance Buyers See Double-Digit Rate Cuts, But Market Fragmentation and Systemic Risks Persist
Insurance buyers across global markets are experiencing some of the most competitive conditions in recent years, with double-digit rate reductions and abundant capacity in key lines such as property, cyber, and directors and officers (D&O).
DOXA Expands Prize Indemnity Services with Acquisition of American Hole ‘n One
The acquisition supports DOXA’s continued expansion in prize indemnity, event promotions insurance, sports promotions insurance, and hole-in-one insurance.